Bitcoin Network Fundamentals

A new Bitcoin block is mined approximately every 10 minutes.

Each block currently distributes a reward of 3.125 BTC (following the April 2024 halving).

The network produces on average: 144 new blocks per day, approximately 52,560 blocks per year.

LuckyBlock Miner Hash Rate

LuckyBlock Miner operates with a hash rate of approximately 1 MH/s (1 million hash attempts per second).

Bitcoin Network Hash Rate

As of November 2025, the Bitcoin network operates at around 1.1 ZH/s (1.1 × 10²¹ hashes per second).

This means that the power of a single LuckyBlock Miner represents approximately one part in 1.1 quadrillion of the total network power for each attempt to find a block.

Overview of Block Finding Probabilities:

One chance every 10 minutes

Probability of finding a block: approximately 1 in 1.1 quadrillion.

Approximately 144 chances every day

Probability: approximately 1 in 7 trillion.

Approximately 52,560 chances per year

Probability: approximately 1 in 21 billion.

Final Considerations

The probabilities may vary over time based on changes in the Bitcoin network's hashrate. For individual, low-power devices like the LuckyBlock Miner, the chances of solving a block are low, but they remain real as every hash generated is a valid attempt in the Bitcoin mining process.

Our Miner is designed as a hobbyist and educational device, suitable for those who want to experience Bitcoin mining in a simple and fast way, without technical or infrastructural complexities.